Spring Market 2026: What Buyers & Sellers Should Know
As we shake off the winter chill here in Michigan and look ahead to spring, there's good reason to feel encouraged about this year’s real estate market. After a slower couple of years marked by high mortgage rates and limited inventory, 2026 is shaping up to be more active and balanced—for both buyers and sellers.
Mortgage Rates: Easing but Still Moderate
Rates have moved down from the peaks we saw last year, now averaging in the low-6 % range. That’s giving many buyers a better shot at affordability—especially as tax refunds arrive and plans for spring and summer moves start to take shape.
While we may not see the ultra-low rates of years past, the expected two rate cuts later this year (according to economists and the Fed outlook) offer a bit more optimism for those entering the market now or soon.
Buyer Advantage: Gaining Some Ground
For the first time in a while, buyers are beginning to see more options and a little less competition—a big shift from the high-pressure markets of recent years. With modest price growth projected and more realistic seller expectations, there’s opportunity to make smart moves this spring.
Seller Opportunity: Low Inventory Still Rules
At the same time, sellers remain in a strong position. One thing hasn’t changed in over a decade: housing supply is still behind demand in most areas—including across much of Michigan. That imbalance continues to support healthy prices and buyer interest, especially for well-maintained, move-in ready homes.
Whether you're just exploring possibilities or ready to take action, spring is a great time to get the conversation started. Feel free to reach out—I’m always happy to help you think through next steps.
